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Wednesday, January 15, 2025

Trump’s tariffs: How they work, and who would pay

Trump’s tariffs: How they work, and who would pay

By Avery Lotz, Axios 

To former President Trumptariffs are “the greatest thing ever invented.”

Why it matters: Trump has touted tariffs as a miraculous cure to just about every domestic and international strain, from war to child care to high grocery prices. But Trump also consistently claims tariffs are paid by countries exporting to the U.S., which isn’t actually how they work.

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